Key Takeaways:
- Bitwise has officially become the general manager of its first tokenized investment fund, the Bitwise Crypto Carry Fund (USCC), which has up to $259 million in assets.
- The fund aims to generate a 4% yield off the market neutral crypto basis trading strategy using assets like BTC, ETH, SOL, and XRP.
- USCC is closely tied up with big DeFi protocols, by which investors can also benefit from yield generation without getting rid of collateral.
Bitwise Asset Management has now joined the tokenized funds market by launching the Bitwise Crypto Carry Fund (USCC), a $259 million fund that aims to generate returns from crypto derivatives while mitigating directional market risk.
The announcement marks Bitwise’s first tokenized fund and follows the firm’s assumption of investment management responsibilities from Superstate, which originally launched the fund in 2024.
Introducing the Bitwise Crypto Carry Fund (USCC)—a $259 million tokenized fund* built to provide yield through a market-neutral “cry...
English (US)